While we are certainly surprised by Gundlach’s position on Apple Inc. (NASDAQ:AAPL), his “endorsement” seems that it could be a little hollow. While on the one hand, he bought into Apple at $400 on basically the assumption that no new devices will be coming out, he also hears the same rumors that we al hear, that there may not be any new products, just updated current devices, in the rest of this calendar year. So this may lead to a question – do you think Gundlach is talking to the media about his position now to try to set up a short opportunity on the price, or do you think he really has softened his position and is a long-term holder now?
What is your take on Gundlach’s endorsement of Apple Inc. (NASDAQ:AAPL)? Are you a believer in the stock’s future fortunes? Give us your feedback in the comments section below.